The binary options trading market in France is flourishing and at the moment it is one of the fastest growing markets in the world. This is a surprising fact, considering the amount of time French authorities spend trying to familiarize traders with dangers of binary options trading and how risky it is.
Despite these anti-trading campaigns, investors still participate in the French binary options trading market and some of them have turned this activity into their full-time job.
One of the main problems in France is that the activity of binary options brokers isn’t regulated. This means that the money of their customers isn’t absolutely safe, and sometimes investors may end up bankrupt, because of a broker’s problems.
The French government does its best preventing binary options trading by releasing special statements and statistics that show the problems of this type of business. However, this doesn’t scare investors and the latest figures show that the French binary options trading market is still growing rapidly.
One of the most popular things among binary options traders in France is the French Financial Markets Authority’s blacklist that contains the names of some of the riskiest brokers operating in the country. In some cases, the activity of the brokers in this list is described as illegal, but this isn’t entirely true.
One of the main problems the government faces is the lack of laws that can control binary brokers.
The main issue is the fact that the government can’t tax these companies, therefore, a lot of money leave the country while a very small amount comes in. This doesn’t have a positive impact on the French economy, so the government does its best to scare investors away of the binary options trading market.
In short, French traders aren’t threatened by any laws if they participate in binary trading. This is great for French residents, because they don’t have to worry about any problems while trading in the binary market. On the other hand, we have binary option brokers who face just one problem – the government’s attempts to limit the number of their clients.
So far the government hasn’t been doing very well and there are many French binary option brokers whose business is flourishing. If you’d like to use the services of a French binary broker, then take a look at the list below.